408 6th St NWSpringhillLA71075
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Springhill at 408 6th St NW, Springhill, LA, 71075 generates $1,090/mo in rent and, after a $680/mo payment, leaves $229/mo in cash flow. Total monthly income is $1,090/mo, and annual cash flow is $2,752/yr on $46,079 invested. Return on cash invested sits at 25.88% in year one, and rental yield is 9.41% on a $139,000 entry. Equity gained on principal adds $897/yr, while 5% annual appreciation builds toward $38,403 over five years. Five-year ROI reaches 134.97% and total cumulative return in cash sums $62,192. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,090/mo property income rather than buyer’s personal income.
Single Family
Built in 1959
0.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 71075, Springhill, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,143 (100%) |
| Owner Occupied HU | 1,650 (52.5%) |
| Renter Occupied HU | 916 (29.1%) |
| Vacant Housing Units | 577 (18.4%) |
| Median Home Value | $109,223 |
| Average Home Value | $137,655 |
Housing Distribution
Address Breakdown
Residential
2,852
Single Family
2,638
Multi-Family
214
Businesses
356
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Listed by: Tavia Melton • Keller Williams Northwest
Mls Name: NTREIS
Mls ID: #20944272
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.